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China promotes IP pledge financing to support enterprises amid epidemic. [Photo/Sipa]
China was ready to work with ASEAN countries to implement the Declaration on the Conduct of Parties in the South China Sea (DOC), deepen maritime cooperation, agree on a timely negotiation-based COC, and jointly maintain peace and stability in the South China Sea, Geng said.
China now leads the world in new energy vehicle (NEV) development. Chinese auto companies including BYD, BAIC and Geely ranks among the top brands worldwide in terms of electric car sales last year, according to the China Passenger Car Association.
China still has sufficient monetary policy space and tools, and is the only country that still leveraged conventional monetary policy, according to Ma.
China was included in the Top 10 fastest global reformers for two years in a row. Key drivers behind the performance included robust private sector participation and strong enforcement of the reform agenda, according to the World Bank.
